MERL has broken below the 2.14% lower band and is testing the 3.0% swing low. Volume is drying up as sellers dominate the order flow.
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$MERL SHORT 📉 — Trade Plan
• Entry: $0.021998 – $0.022042
• Stop: $0.022681 (-3.0%)
• Target 1: $0.021690 (+1.5%)
• Target 2: $0.020919 (+5.0%)
• R/R 1:1.7 | Confidence 64%
A change of character on the 1‑hour chart paired with a CVD spike confirms the down move, while a fresh fair value gap and an order block line up as a POI. The liquidity sweep ripped through the prior swing high, leaving a clean short entry zone. Confluence of OB and FVG makes the setup tight.
A 3.0% stop is relatively tight for a swing short, so keep leverage at or below 5× to manage risk.
Take half profit around the first target near the 1.85% level.
Not financial advice — trade only what you can afford to lose 🙏
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